John Hancock Corporate Bond ETF (NYSEARCA:JHCB) Stock Price Down 0.4% – What’s Next?

John Hancock Corporate Bond ETF (NYSEARCA:JHCB) traded down 0.4% during mid-day trading on Friday . The stock traded as low as $21.25 and last traded at $21.28. 5,753 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 21,757 shares. The stock had previously closed at $21.36.

John Hancock Corporate Bond ETF Price Performance

The stock has a 50 day moving average of $21.24 and a 200-day moving average of $21.42.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Cetera Investment Advisers raised its stake in shares of John Hancock Corporate Bond ETF by 28.5% in the first quarter. Cetera Investment Advisers now owns 1,399,940 shares of the company’s stock worth $29,637,000 after purchasing an additional 310,804 shares during the last quarter. Granite Bay Wealth Management LLC boosted its position in John Hancock Corporate Bond ETF by 8.5% in the first quarter. Granite Bay Wealth Management LLC now owns 1,789,236 shares of the company’s stock valued at $37,835,000 after buying an additional 140,910 shares during the last quarter. Simplicity Wealth LLC increased its holdings in John Hancock Corporate Bond ETF by 26.3% in the 1st quarter. Simplicity Wealth LLC now owns 98,561 shares of the company’s stock worth $2,087,000 after buying an additional 20,514 shares during the period. Robbins Farley increased its holdings in John Hancock Corporate Bond ETF by 23.1% in the 1st quarter. Robbins Farley now owns 19,280 shares of the company’s stock worth $408,000 after buying an additional 3,615 shares during the period. Finally, Rubicon Advisors GP purchased a new position in John Hancock Corporate Bond ETF during the 4th quarter worth approximately $484,000.

About John Hancock Corporate Bond ETF

The John Hancock Corporate Bond ETF (JHCB) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is actively managed to focus on investment-grade corporate bonds, of any maturity, that are perceived as undervalued. JHCB was launched on Mar 30, 2021 and is managed by John Hancock.